Sunday, August 22, 2010

Gulf Finance House - Plans to Increase Capital By Up To An Additional US$300 Million

GFH announced on the BSE today that its Board had decided to recommend that shareholders approve a n up to US$300 million increase in capital.   The Board has delegated executive management to take the necessary steps.  A shareholders meeting will be called in the near future as soon as the required regulatory approvals are received.

2 comments:

Laocowboy 2 said...

If they get it, a case (classic) of good money after bad....

Abu 'Arqala said...

LC2

Wouldn't that depend on whose money it was?

Or is your comment focused on financial rather than moral issues?